Money Market

U.S. banks want to cut branches, but customers keep coming

August 22, 2016/Reuters By Dan Freed | NEW YORK Despite banks’ nudging toward online tools, many U.S. customers are not ready to give up regular visits to their nearest branch, complicating the industry’s efforts to slim down. U.S. banks have trimmed the number of branches by 6 percent since it […]

Wema Bank plans 50bl bond to drive growth

Culled-webtvng.com Wema Bank is set to raise N50bl through the debt capital market, as part of its drive for growth and business expansion in the Nigerian financial services industry. The Managing Director/Chief Executive Officer Mr. Segun Oloketuyi disclosed this at the media roundtable today with business editors and senior correspondents […]

South Africa’s rand, stocks weaker after hawkish Fed comments

Sat Aug 20, 2016/Reuters South Africa’s rand retreated for a third consecutive session on Friday to its weakest level in a week against the dollar while stocks also fell, both assets pressured by signs the U.S. central bank could still lift rates this year. By 1600 GMT the rand had […]